Metropolitan Edison Sustainable Energy Fund
The Metropolitan Edison Sustainable Energy Fund was formed in 2000 as the result of the deregulation of electric companies in the late 1990s. Electric companies no longer had a monopoly over the generation and the distribution of electricity and consumers could choose among electricity providers. The changes in the structure of five major Pennsylvania electric companies also resulted in the establishment of four sustainable energy funds, one of them being the Metropolitan Edison Sustainable Energy Fund. With an initial endowment of $5.7 million, the fund awards grants and loans that pursue the development and use of renewable energy and clean energy technologies, energy conservation and efficiency, sustainable energy businesses, and projects that improve the environment in the companies’ service territories.